Description Price is bouncing from our Pivot of 105.425, which is in line with 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 105.704, which is in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Pivot: 105.425 Why we like it: 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 105.195 Why we like it: 61.8%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 105.704 Why we like it: -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance. Trading FX & CFDs carries high risk.
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